CogEcon

Cognitive Economics Study

The Cognitive Economics Study (CogEcon) is designed to help understand the cognitive bases of economic decisionmaking. This effort was made possible through a partnership with the "Cognition and Aging in the USA" study (CogUSA), which is part of the Unified Studies of Cognition (CogUSC) led by cognitive psychologist Jack McArdle at the University of Southern California.

The Cognitive Economics Study has fielded four waves. The first wave, CogEcon 2008, collected information about income, work, assets and debts, financial sophistication, use of financial advice, among other topics. The second wave, CogEcon 2009, repeated many questions from CogEcon 2008 and contained new questions about changes during and responses to the financial crisis that started in late 2008. The third wave, CogEcon 2011, repeated many questions from earlier waves and containted new questions about income taxes and health literacy. We are currently processing data from the fourth wave, CogEcon 2013.

CogEcon public use data can be merged with cognitive and demographic variables collected by CogUSA. Please see Section I.A.4. of the Data Documentation listed below for information about accessing the CogUSA data, and the CogUSC website has more information about the study.

Please email [cogeconproject AT umich DOT edu] with questions or concerns.


Questionnaires

These documents contain all questions from the CogEcon web and mail questionnaires. This includes the entire mail questionnaire, wording for alternative versions of the survey and questions that were fielded differently on the web.


Public Use Data Files

The CogEcon public release data are available through the Health and Retirement Study's data distribution system. There are currently two data products available, each containing a Stata data file and documentation. The first is the Public Core, which includes both CogEcon 2008 and CogEcon 2009, and the second is the CogEcon 2011 Public files.

Please see the Data page for more information about accessing CogEcon data.

Note to CogEcon 2011 users: Scores to financial sophistication questions have been updated as of May, 2015.


CogEcon 2008 & 2009 Public Core Data Documentation

These documents provide background information about the Cognitive Economics Study and should provide sufficient information for researchers to successfully use the CogEcon Public Use Core data files, which contain data from CogEcon 2008 and CogEcon 2009.

  • Survey Design: (pdf) Describes survey development and methodology, including details about the sample.
  • Data Documentation: (pdf) Describes how to access and use CogEcon Public Use data. This includes details about variable naming conventions and idiosyncrasies between mode (web and mail) and across waves, and an explanation of the Conditions of Use agreement.
  • Compact Codebook: (pdf) Lists variable name, label and summary statistics for the core file containing data from CogEcon 2008 and CogEcon 2009.
  • Codebook: (pdf) Full codebook from Stata.


CogEcon 2011, 2013 Public Data Documentation

These documents are the same as the ones above, but for the CogEcon 2011 and 2013 Public Data. Please reference the Survey Design documentation above for details about the survey development and methodology.



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